City Fringe Paint Shop Retiring 27 years
Stock Included: No
Stock Value: —
Years Est: 27
Gross Revenue: 609,000
Retiring owner of 27 successful years of trade. A huge variety of large accounts and loyal regulars has allowed this business to survive its competition. All achieved without a website so ample room to grow even further. Strategically located & cheap rent.
Strategically placed, this city fringe location with close proximity to surrounding mass development allows for easy access for trades to pick up.
About the Business| Owners contribution
Currently owner works 43 hours per week is turning 71 and ready to retire.
A family business established 27 Years ago.
Started by a fitter/turner with no experience, this business model is easily handed over to a new owner with systems and procedures and a well-trained staff member more than capable of running the business in the absence of the current owner.
With its competitors confined and contracted to individual brands and franchise agreements, this business has garnered a very loyal following from a variety of regular large account holders with its ability to diversify its range and therefore its availability, quality and consistency of products.
It’s personalised service commands a loyal following of larger client buying managers. A favoured supplier by these demanding Niche market clients where consistency, quality and customer service are valued over the lower budget, less personalised alternatives.
Potential & critical success factors
Addition of Website. Currently operating on word of mouth alone, there is great opportunity to introduce a website, essential to any modern-day business.
With the acquisition under way by Dulux of 17 Paint Spot locations, and as such the limiting of variety in these stores after the acquisition is complete in Mid October, enables this business to stand strong as an excellent choice for clients needing that larger variety and continuity of past & presently used products.
Sales | $609,901
Lease | 3+3+3-year options
Rent | $36,000 plus Gst | $692 PW
Net Profit | $104,943
Hours | Mon-Fri 8.00 am – 5 pm | Sat 9.00 am – 12 pm currently
Skills | Customer Service, Stock Buying, Paint and wallpaper knowledge a bonus (currently semi managed) Basic Business admin.
Training | 3 weeks
Staff | 1 x Casual
Reason for Sale | Retiring and family reasons
History | 27-year trading history
Keen vendor, genuine buyers are encouraged to Contact Sean McBride for a full Information Memorandum.
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